Counterfeiting of products now big industry in India: Bengal minister

June 5, 2018 by admin Business Standard, News 0 comments

Counterfeiting of products have become a “big industry” in India that is impacting the consumers as well as the revenue earned by the governments, a senior West Bengal minister said here on Tuesday, urging the police and state agencies to be more vigilant to curb such practices.

“Counterfeiting has become a very big industry. Products like tea and cigarette of all the big brands are being counterfeited. I do not know whether the government of India is focussing on this matter because it is impacting the revenue, particularly in the segment of indirect taxes.

“Also the consumers are unknowingly using bad quality products while paying for big brands,” state Consumer Affairs Minister Sadhan Pande said at a Conference on Combating Counterfeiting and Smuggling, organised by Ficci CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy) here.

https://www.business-standard.com/article/news-ians/counterfeiting-of-products-now-big-industry-in-india-bengal-minister-118060501145_1.html